History's biggest bailout needs disclosure -
Last week the government dispatched more of your money into the abyss. Through its "Term Auction Facility," the Federal Reserve lent banks $63 billion - nearly half the cost of the entire savings and loan bailout from the 1980s, or what it takes to fight in Iraq for six months.
Who got the money? At what rates? What collateral did they put up? How will the proceeds be spent?
The Fed isn't saying, and it's fighting attempts to shed light. ...
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